Documents tagged "The Tax Cuts"
Found 2 documents with this tag
HOUSE_OVERSIGHT_029438.txt
The Tax Cuts and Jobs Act was signed into law in December 2017 after the House and Senate reconciled their respective tax bills. The legislation includes a variety of provisions affecting individual income taxes, corporate taxation, and pass-through businesses. Individual income tax rates have been reduced for most taxpayers, while many deductions and credits have been modified or eliminated. Additionally, many individual tax changes are temporary, expiring at the end of 2025, while most corporate provisions are permanent. The Act also includes significant changes to estate taxation.
HOUSE_OVERSIGHT_026778.txt
The document discusses The 2017 Tax Reform Act and its impact on fund managers and their funds. Key provisions include the carried interest rule and other changes affecting asset management firms and investors. Richard Kahn from HBRK Associates Inc. is forwarding this information to Jeffrey E. Jeyacation@gmail.com, who can contact Alex Gelinas or Steven Etkind for further information. The Tax Act contains significant changes since 1986, with some provisions taking effect on January 1, 2018. However, the "future profits only" interest in a partnership continues to be eligible for tax-free treatment under the new law.